October 15, 2024 at 06:00 AM GST updated: October 13, 2024 at 11:08 PM 3 mins read Press Release As cryptos attempt to shrug off the bearâs effects, many investors wonder if Litecoin price is ready for a bull run. The Litecoin price trajectory remains in a period of consolidation as it continues to trade…
CPI increase triggered fears of rate hikes, and Ethereum fell by 3%. Market uncertainty led to ETF outflows as investors looked for alternatives. ETH price has the potential of pumping by 12 per cent after hitting key support. Ethereum Slides 3% Amid CPI Data Release After news of Consumer Price Index data release which clocked Inflation of…
On October 10, South Koreaâs Financial Services Commission (FSC) announced the formation of a Virtual Asset Committee aimed at overseeing the approval of spot crypto exchange-traded funds (ETFs) in the country. This committee, led by FSC Vice Chairman Soyoung Kim, will include representatives from various government sectors and nine members from the private sector, providing…
With Ethereum subject to a significant drop in investor interest, heavily present within Exchange Traded Funds (ETFs), markets remain wide-eyed. Unlike Bitcoin, investors are pulling out of Ethereumâs ETFs significantly. Since their launch not too long ago, Ethereum ETFs have seen a tough market environment marred by a sharp drop in AUM. Compared to Bitcoinâs…
Bloomberg Intelligence analyst James Seyffart forecasts options on US Bitcoin exchange-traded funds (ETFs) could launch as soon as early 2025. Following the SECâs recent authorization to list options to BlackRockâs spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), this prediction. The launch, however, requires the final blessing of the Commodity Futures Trading Commission (CFTC) and…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Canary Capital is filing a Ripple (XRP) exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). Bitwise has filed for a similar ETF with S-1, and this follows. The filing indicates growing institutional interest in cryptocurrency assets beyond Bitcoin and Ethereum. The CME CF Ripple dollar reference rate will be used as a daily…
U.S. spot Bitcoin exchange-traded funds (ETFs) witnessed a significant surge in net inflows. Bitcoin ETFs saw $235.19 million in capital last Monday, after two days of being brought in. This trend reflects a growing investor interest in the market with conditions going haywire. The FBTC ETF from Fidelity led the inflow charge, which brought in $103.68 million….
Last week brought significant changes to the landscape of global investment in cryptocurrencies. The crypto investment products saw $147 million in net redemptions, which snapped a three-week inflow. The digital currency exchange saw the biggest outflow of Bitcoin funds of $159 million, while Ethereum also recorded outflows of $28.9 million. James Butterfill, the Head Of…
Top ETFs are gaining popularity among investors eyeing the best crypto ETFs. Octoberâs market volatility offers chances to boost gains in the cryptocurrency sector. Also Read: Goldman Sachs Revises Gold Price Prediction For 2025 Navigate Market Volatility with Octoberâs Best Crypto ETFs 1. iShares Bitcoin Trust (IBIT) The iShares Bitcoin Trust ETF (NASDAQ:IBIT) is a…
21Shares calls on the European Securities and Markets Authority (ESMA) to grant crypto assets a unified regulatory status within UCITS funds. The discussion centers on reconciling discrepancies between European countries, some allowing crypto trading through UCITS funds but others not. The firm believes clear, consistent rules would protect investors and simplify crypto investments. Regulatory Fragmentation…
On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the dayâs trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds Add $7.39M Both bitcoin and ethereum ETFs showed positive growth on Friday,…
Data shows that bitcoin and ethereum exchange-traded funds (ETFs) have made quite an impact this year in the world of traditional finance. According to Nate Geraci, co-founder of the ETF Institute, out of 525 funds launched in 2024, a total of 13 out of the top 24 best-performing ETFs are related to bitcoin and ether….
đ Stay Ahead with AltcoinDaily.co! đ BlackRockâs Spot Ethereum ETF reached a remarkable $1 billion milestone as Spot Ethereum ETFs experienced the largest weekly inflows since August, causing Ethereum (ETH) price to recover. This renewed investor interest in crypto-ETFs is fueling interest in ETFSwap (ETFS), a new crypto ETF tokenization and trading platform poised to…
Bitwise Asset Management filed an application for a Delaware statutory trust on September 30th, moving closer to launching an ETF linked to XRP. Bitwise is a reputable crypto-only company known for its sound choices and thinking. Ripple CEO Brad Garlinghouse recently stated that he believes the adoption of XRP in TradFi continues to pick up…
Taiwan’s Financial Supervisory Commission (FSC) has allowed professional investors to venture into foreign virtual asset exchange-traded funds (ETFs) via sub-brokerage. By allowing more diverse investment channels, the FSC aims to boost local brokerage operations while carefully managing the high risks of virtual assets. Stringent measures, including investor suitability checks and mandatory risk disclosures, ensure that…
After much speculation, Bitwise finally applied to the United States Securities and Exchange Commission (SEC) to list an XRP ETF. The quest for crypto ETF products has recently increased despite issuersâ delays. Bitwiseâs Strategic Move Toward an XRP ETF Bitwise is an investment asset management firm with a deep focus on crypto. Before this SEC filing,…
The first XRP ETF filing is now with the US Securities and Exchange Commission Bitwise submitted a Form S-1 filing for approval to launch an XRP ETF on October 2, 2024. Bitwise has filed an initial registration statement for the launch of the first spot XRP exchange-traded fund. On Wednesday, Oct. 2, the crypto asset…
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw $242.53 million exit, following a sharp drop in bitcoinâs value. Similarly, the nine spot ethereum ETFs experienced a loss of $48.52 million in the dayâs trading. Fidelity and Grayscale Lead the Pack in Tuesdayâs ETF Outflows After a series of positive inflows, the 12 U.S. spot…
Spot Bitcoin exchange-traded funds (ETFs) experienced volatility on the first of October, changing the recent trend. The sector recorded $242.53 million in outflows, thus ending an eight-day growth period. Even with the negative fund flow, BlackRockâs iShares Bitcoin Trust (IBIT) was not bearish as it received $49.84 million in investment. At the end of September…
On October 2, 2024, Bitcoin exchange-traded funds (ETFs) experienced their first net outflows in two weeks, with $243 million exiting the market. This downturn coincided with a significant drop in Bitcoinâs price, which fell over 4% amid escalating geopolitical tensions in the Middle East, particularly following Iranâs attack on Israel. The outflows marked the end…
The FSC has restricted access to the virtual asset ETFs to professional institutional investors Security companies will need to establish a âvirtual asset ETF suitability systemâ Taiwanâs financial regulator is allowing professional investors to invest in âforeign virtual assetâ exchange-traded funds (ETFs) through a re-entrustment service. In an announcement, the Financial Supervisory Commission (FSC) explained…
The Financial Services Agency in Japan has already begun an in-depth assessment of its cryptocurrency rules. This analysis intends to determine whether regulating cryptocurrencies according to the Payments Act is still viable. Significant transformations could arise from the review, including the prospect of launching crypto exchange-traded funds(ETFs). Japan FSA Reviews Crypto Investment Protections The FSA intends…
In a massive development for the country, Taiwanâs Financial Supervisory Commission (FSC) has allowed professional investors to gain access to foreign Bitcoin and other crypto ETFs. Indeed, the commission announced the change Monday, allowing select investors to participate with âforeign virtu assetâ exchange-traded funds. The crypto-based ETF market has surged in the United States this…
Taiwan permits professional investors to access foreign virtual asset ETFs. Investment limited to institutional and high-net-worth clients due to risks. Taiwanâs Financial Supervisory Commission (FSC) has announced a new initiative allowing professional investors to invest in foreign virtual asset exchange-traded funds (ETFs) via a re-entrustment method. This decision, detailed in a press release on Monday,…
Taiwanâs Financial Supervisory Commission (FSC) has approved the access of professional investors to foreign crypto-based exchange-traded funds (ETFs). The new policy, announced on Sept. 30, introduces a re-entrustment model for these investments. Under this model, Taiwanese investors can now access foreign digital asset ETFs through qualified local financial institutions. These institutions will act as intermediaries,…
On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $494.27 million in inflows. Spot ethereum ETFs followed suit, adding $58.65 million to their tally. Bitcoin ETFs Lead the Charge with $494M Inflows; Ethereum ETFs See Strong Growth Data from sosovalue.xyz shows that 12 U.S. spot bitcoin ETFs collectively…
Institutional players like Cumberland and ParaFi Capital moved millions in ETH. U.S. spot Ethereum ETFs saw a combined net inflow of $58.7M on Sep 27. Ethereum whale transactions have surged this week as the price of ETH shows signs of recovery. A notable whale, inactive for four months, made significant moves, cashing out 12,979 ETH…
đ Stay Ahead with AltcoinDaily.co! đ A famous crypto expert known for his accurate bullish token predictions is driving an insane altcoin buying frenzy in the crypto community after revealing ETFSwap (ETFS), Layer (ZRO), Celestia (TIA), and Ethena Labs (ENA) as 100x altcoins that can flip $1,000 early investments of smart investors in September to…
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw gains, while their ether-focused counterparts faced a decline during the day’s trading session. ARKB Tops Bitcoin ETF Gains as Ether Funds Fall by $675K U.S. bitcoin ETFs saw a hefty $365.57 million in positive inflows on Thursday, with Ark Invest and 21shares’ ARKB leading the charge….
BlackRockâs head of digital assets, Robie Mitchnick, recently stated that it appears to be somewhat incorrect to point to Bitcoin as a ârisk-onâ asset even if the correlation with US equity price has been high recently. In general, higher-risk assets such as equities, commodities, and high-yielding bonds perform during economic upturns and periods of market…
The U.S. based Bitcoin ETFs saw an inflow of $105.84 million on September 25, bringing the three-day bullish trend to the fore. The inflow follows a $136m transfer on September 24th and $4.5m on September 23rd. This meant that the net inflow for the U.S. Bitcoin ETFs had risen to $17.94 billion at the end of that…
MicroStrategy CEO Michael Saylor has recently tweeted his approval of BlackRockâs last positive outlook on Bitcoin. During his recent interview at Bloomberg Crypto, the head of BlackRockâs Digital Assets, Robbie Mitchnick, characterized it as a material new global monetary option. This endorsement has led to further debate within the cryptocurrency community. BlackRock is expanding its…
The U.S. Securities and Exchange Commission (SEC) has deferred its judgment regarding options trading for several spot Ethereum ETFs until November 2024. The postponement ensues after the SEC sanctioned options trading for BlackRockâs spot Bitcoin ETF, accompanied by stringent rules to mitigate market manipulation. The SEC has extended the deadlines for these funds to November…
Americaâs largest custodian bank, BNY Mellon, is on track to launch a Bitcoin Exchange-Traded Fund (ETF) custody service. When fully operational, this service will challenge the Coinbase Custody product for spot Bitcoin ETF issuers. The launch of the Bitcoin ETF custody service allows BNY Mellon to serve institutional investors, expanding its reach in the crypto…
Institutional demand for Ethereum is diminishing, as spot Ethereum ETFs are witnessing considerable outflows, notwithstanding the recent price rebound following the Federal Reserveâs interest rate reductions. Grayscaleâs Ethereum ETF has experienced the most substantial decrease, with outflows totaling $80.6 million, signifying diminished interest from institutional investors. Bitcoin ETFs have experienced inflows, signifying a preference for…
UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s…
Over the past decade, a significant amount of bitcoin has made its way into centralized trading platforms, public and private corporations, governments, exchange-traded funds (ETFs), and derivative token projects like WBTC. With roughly 100 days remaining in 2024 after the launch of spot bitcoin ETFs in January, this analysis dives into the top ten entities…
The spot bitcoin and ether exchange-traded funds (ETFs) experienced a second consecutive day of inflows, as both categories of funds posted gains. On Friday, spot bitcoin ETFs drew in $92 million, while spot ether ETFs collected $2.87 million. Spot Bitcoin ETFs Add $92M as Ether ETFs Navigate Mixed Market Publicly listed, physically settled bitcoin and…
Bitcoin (BTC) and ether (ETH) surged for a third consecutive day, supported by strong inflows into spot exchange-traded funds (ETFs), according to a weekend analysis by QCP Capital. The firm reported that bitcoin retested the $64,000 mark, while ether reclaimed $2,500 during the rally. ‘Uptober’ Gets a Head Start in Mid-September QCP Capital‘s weekend analysis…
BlackRock has received SEC authorization to both list and trade options related to its spot Bitcoin ETF. This represents a substantial forward movement for institutional investors. Awaiting further approval from both the OCC and CFTC is the final go-ahead. SEC Approves BlackRockâs Bitcoin ETF Options The SEC has given its approval to BlackRockâs 19-b4 application…
Blackrock has improved the functioning of its iShares Bitcoin Trust ETF by changing the custody of the fund with Coinbase. The changes could enhance the processes of asset management and withdrawal. This is in line with the firmâs strategy of improving liquidity for institutional investors. BlackRock Enhances ETF with Faster Bitcoin Withdrawals The recent changes…
According to the latest figures, bitcoin exchange-traded funds (ETFs) brought in $158.21 million in inflows on Thursday, while ether ETFs saw $5.24 million in deposits. Bitcoin, Ether ETFs Show Positive Inflows as Reserves Climb Leading the charge on Thursday, Ark Invest and 21shares’ ARKB fund attracted a hefty $81.07 million. Fidelity’s FBTC followed closely, reeling…
Bitcoin price dipped to a daily low of $62,586 after briefly touching the $64,000 mark for the first time this month. According to CryptoSlate data, the flagship digital asset has since recovered the dip and was trading at $63,127 as of press time. Nevertheless, the current price reflects a notable recovery from its dip to…
On Wednesday, Bitcoin ETFs traded in the United States faced hefty net redemptions, with $52.83 million in outflows. The largest Bitcoin ETF outflow was in Ark Invest and 21Sharesâ ARKB, with $43.41 million flowing out of the fund. Grayscaleâs GBTC followed with net outflows of $8.13 million, while Bitwiseâs BITB had net outflows of $3.95…
BlackRock, the leading American asset management firm, has shared its views on Bitcoin Exchange-Traded Funds (ETF). As the asset manager with the most successful ETF products, this meeting sought to leverage its expert insights in the sector. A Bloomberg Senior ETF analyst, Eric Balchunas, shared details of BlackRockâs paper in a post on X. In…
According to the latest crypto exchange-traded fund (ETF) data, spot bitcoin ETFs snagged $12.9 million in gains on Monday, while spot ethereum ETFs faced a $9.51 million loss. Bitcoin ETFs Continue to Grow, While Ethereum Funds Lose Ground Leading the charge among the 12 bitcoin funds was Blackrock‘s IBIT, which pulled in $15.82 million in…
September 13, 2024 at 03:45 AM GST updated: September 13, 2024 at 02:28 AM 2 mins read News BlackRock labels Bitcoin as an âunconventional global currency,â citing it as a hedge against global instability. BlackRockâs IBIT ETF boosts Bitcoin to a record $73,000 high in March 2024, reflecting growing crypto investment trends. Central banks globally…
Analyst Eric Balchunas has dismissed the current commotion over the alleged failure of Bitcoin ETFs. He stated that these items have been identified recently again as part of the inflows. Now imagine a situation where the skeptics were ready to pen down such items following a series of poor performances. Balchunasâ statistics show that the…
US spot Bitcoin ETFs saw a revival on Tuesday, with inflows amounting to $117 million. This was led by Fidelityâs Bitcoin Fund (FBTC), which added $63 million in net inflows. This comes after recent weeks of significant outflows affecting some of the largest crypto funds. Fidelityâs Bitcoin Fund Leads with $63M Inflow Fidelityâs Bitcoin Fund had…